Banking

CBN tells banks to open on Saturdays and Sundays.

Central Bank of Nigeria has directed all commercial banks to open for operation on Saturdays and Sundays, as part of a coordinated effort to ease circulation of banknotes of various denominations. The apex bank also confirmed the evacuation of banknotes from its vaults to commercial banks across the country. This latest development was disclosed in a statement signed by CBN Acting Director…
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Banking

Circulation of old notes: CBN starts monitoring today and the bank has set a two-week target.

The Central Bank of Nigeria on Thursday began the disbursement of old naira notes to Deposit Money Banks as government authorities stepped up efforts to end the biting currency scarcity that has inflicted pain on millions of bank customers nationwide. The central bank had directed DMBs to pick old N1,000, N500 and N200 notes at its offices across the country for onward disbursements to customers…
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Banking

Wema Bank begins registration for technology competitions.

Wema Bank Plc has opened application entries for the fourth edition of its tech talent discovery and nurturing project among university students tagged Hackaholics 4.0. Announcing the commencement of entries for Hackaholics 4.0 at a press conference on Tuesday in Lagos, the…
Energy

FG installed N3bn substation power in Kwara.

The Federal Government has commenced steps to install $8m (about N3bn) 1x60MVA, 132/33KV transmission sub-station in Oro in the Irepodun Local Government Area of Kwara State. The project is expected to transform the lives of the people of Oro in particular and the entire local government area in general. Speaking while performing the ground-breaking ceremony of the project in Oro on Thursday, the…
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Energy

Ghana removes fuel subsidy

The Ghana National Petroleum Authority has announced removal of fuel subsidy in the country. The removal of the subsidy  is part of the country’s implemented regulatory measures to ensure stability across its downstream sector. The Chief Executive Officer of NPA, Abdul Hamid, said this during a presentation at the ongoing Africa Refiners and Distributers week 2023, in Cape Town, South…
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